Freestanding Medical Office
11640 Zimmerman Road Port Richey, FL 34668
11640 Zimmerman Road, Port Richey, FL, 34668
$350,000
For Sale
$350,000
Move-in-ready office building with seven exam or office rooms, waiting area, three restrooms, and about 12 parking spaces.
Property Size1,728 SF
Price / SF$202.55
Days on Market32
Property Features for 11640 Zimmerman Road
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1979
Listing agency
FUTURE HOME REALTY
(800) 921-1330
Listed by
Dainellys Villacis
Source
Xome
Added: Jun 21 Updated: Jul 22 at 2:29AM Checked: Jul 22 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FUTURE HOME REALTY
Investment Insights
Based on property information with market context.
Well-maintained, move-in-ready freestanding professional office/medical building offering 1,728± SF of functional interior space. The layout includes 7 treatment/exam rooms or office space, storage or administrative space, and a comfortable waiting room. The building also features three restrooms, including one with a full shower, along with a spacious breakroom with a full-size fridge and counter space.
Exterior and access are supported by an on-site parking lot with approximately 12 full-size parking spaces. The property is zoned R-4 and is described as being highly accessible, positioned about 0.3 miles from State Road 52 and minutes from US Highway 19.
The configuration is suited to a range of professional and medical service uses, with the property presented as a versatile option for organizations seeking a dedicated, purpose-designed office setting.
Exterior and access are supported by an on-site parking lot with approximately 12 full-size parking spaces. The property is zoned R-4 and is described as being highly accessible, positioned about 0.3 miles from State Road 52 and minutes from US Highway 19.
The configuration is suited to a range of professional and medical service uses, with the property presented as a versatile option for organizations seeking a dedicated, purpose-designed office setting.
Key Highlights
- 1,728± SF freestanding professional office/medical building built in 1979
- Layout includes 7 treatment/exam rooms or office space plus a waiting room
- Three restrooms, including one with a full shower
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $16.80 |
| − Vacancy | −$2.5k | −$1.43 |
| EGI | $26.6k | $15.37 |
| − OpEx | −$10.6k | −$6.15 |
| NOI | $15.9k | $9.22 |
1,728 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$227.7K
$199.2K – $265.6K
NOI $15,938 @ 7.0% cap · market cap 4.55%
Second Best
Office B
$166.6K
$145.8K – $194.4K
NOI $11,661 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AA Insurance Consultants, ...
Insurance Agency
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FAQs
What type of property is this?
Medical Office Space - Move-in-ready office building with seven exam or office rooms, waiting area, three restrooms, and about 12 parking spaces.
Where is this medical office space located?
The property is located at 11640 Zimmerman Road Port Richey, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,728± SF freestanding professional office/medical building built in 1979; Layout includes 7 treatment/exam rooms or office space plus a waiting room; Three restrooms, including one with a full shower
